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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: Wade who wrote (11459)	11/13/2009 9:58:06 PM
From: TrueScouse	1 Recommendation Read Replies (1) \| Respond to of 48092

Wade: I'm not saying that the annual supply of gold is totally irrelevant -- just that it's marginal compared to the total available supply. However I think that Steve Saville is saying that. And mostly I agree with him. The annual supply of gold is minor compared to the total available "above ground stocks" -- which is not the case for any commodity. It is the case for most currencies. Gold is a currency and IMHO should be treated as such if we want to understand its market action. In fact, I still think that this "relic" will be recognised as such again by the world's central banks (as a currency -- maybe even the reserve currency) within the next decade. Meanwhile, I'll just play the PM stocks while the world's central bankers try to sort this stuff out! Regards, Howy